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52428WA Maintenance And Asset Management

Questions:

In this assignment you are expected to implement and integrate what you have learnt in to an industrial problern. There are two options: you can use data from an existing assets/Plant/Production line or you can develop a new assets/plant/production line. Write this assignment like an engineering investigation report with a business case recommendation. The audience will be the director of engineering and general managers. The objective for option A is to present a business case for investment into improvement (with sound technical justifications) and for option B is the asset management plan for new assets/Plant/Production Ithe. 

Reports requirement:

• The final report should be about 5000 words where appropriate, including pictures, figures, tables, diagrams, should be used. Assignments marking criteria:

• Report 45% 0 Content: 25%; o Structure:5% o Overall (ranking among all groups in the course): 15% 

Option A: Existing assets / facilities / infrastructures / plant / production line You are a new task force formed to drive asset performance improvement in your company. You are tasked to optimise asset performance for the remaining life cycle of the asset by reviewing current operation, maintenance and asset management strategies, to identify and provide improvement action plan and business case for major loss of opportuniry area. You can utilise what you have done in assignment 1 as a starting point for this assignment. 

You may need to perform an investigation into: =sses (downtime, loss in generation of power, unavailability for the operation, and vices disruption to customers). Identify key losses area; AND/OR • Work order history analysis, to identify plan versus unplanned maintenance cost. Identify high cost unplanned maintenance area. And discuss possible approach to address them by focusing into one or more areas listed below:

• Reliability Centred Maintenance — developing a strategy

• Risk

• logistic Support

• Inventory

• Assets and Asset Information System

• Equipment Replacement, Reliability, Availability and Maintainability

• Maintenance Organisation and Budget 

Option B: New asset(s) (this can be a new production line/site/major plant facilities, Infrastructures or capital project that your company Is establishing, or It can be a new business that operate complex physical assets) Ypoiauntaireecituipm heasesnett management team of a new production facility/site/major plant/equipment. You a uir re reqed to develop the asset management plan for the life cycle of this new facility/site/rnajor Some key areas you will need to consider (this is only a guide): 
1. Define business. Objectives and KPIs

2. Describe major physical asset(s), their functions, physical properties

3. Design/describe Plant layout, Process diagrams

4. Apply methods such as FMECA, RCM and maintenance optimisation techniques.

5. Prepare and determine critical spare list

6. Review current maintenance strategies and intervals and suggest improvement (such as those recommended by the manufacturer). Or Develop new maintenance strategies

7. Ensure required downtime for improvement projects and planned maintenance works are in line with enterprise production plan.

8. Prepare a budget.

9. Prepare a plan if the budget available is cut by 20% (or any 96) and carry out prioritisation based on risk. 

52428WA Maintenance And Asset Management

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